Revocable Living Trusts

Learn About Revocable Living Trusts from an Orange County Estate Planning Lawyer

Revocable living trusts are widely recognized as being one of the most
effective
estate planning tools for providing for one's needs in the event of incapacity. Should
you fall seriously ill or suffer a severe injury, you might be unable
to speak on your behalf or even to make important decisions about your
estate. The revocable living trust serves to voice your wishes in such
an event. It also provides an important tax shelter and legal protection
for your estate while you are still alive as well as allowing you more
flexibility should you decide to make changes to the trust.

A revocable living trust makes it possible for your estate to avoid the
costly and drawn out process of
probate and to keep your family matters private. Upon death your assets can be
available for immediate use by your family. An
Orange County trust lawyer can assist with every stage of the process, advising you of your options
and helping you to get the most out of this legal instrument. You can
set up a trust with yourself as the trustee and a reliable friend or relative
as the secondary trustee. You can also name a bank to be your secondary
trustee. You spend the funds as you choose as long as you are able.

Should you become incapacitated, your secondary trustee can step in to
take care of your financial affairs. Following your trust instructions,
the trustee can access your funds to care for you and your family and
pay your bills. If you recover, you take over again. When you pass away,
the secondary trustee follows your instructions as regards passing the
funds over to your family in the amounts and according to the schedule
which you determined in advance. As the trust fund is not legally yours
at your death, it bypasses probate. This saves your estate the costs of
probate and makes the funds immediately available to your family. Not
being part of probate, the trust document avoids being placed in court
file open for public inspection.

Contact an Orange County Trust Lawyer at Our Firm

Attorney P. Arnsen Blakely has been helping clients with estate planning
solutions such as revocable living trusts for more than 40 years. He is
ready to meet with you for a free initial consultation to discuss your
concerns and your objectives and to help you take the first steps in your
case. Contact us now for a
free case evaluation and to learn more about how we can help.

Call for a free consultation

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The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.